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FreightWaves NOW

FreightWaves

Join the FreightWaves cast and crew every weekday morning at 9 am EST

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2:05

Morning Minute | November 14, 2025

FreightWaves NOW ·

2025/11/14

The European Union is expected to revoke duty-free status for parcel imports through the elimination of the de minimis rule for small parcel imports, which is expected to be fully implemented by 2028. This significant policy change aims to level the playing field for European businesses and limit the influx of low-cost goods, especially considering that 91% of low-value shipments last year originated from China.We also track how global trade volatility and depressed freight rates have severely

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6:14

The Daily | November 12, 2025

FreightWaves NOW ·

2025/11/12

We analyze why Ocean rates tested by capacity conundrum despite carriers attempting General Rate Increases and blanked sailings, indicating continued overcapacity and weak demand on the trans-Pacific trade lane. Simultaneously, we explore the quick response from air cargo providers, detailing how FedEx plugs transport hole caused by MD-11 groundings by activating spare aircraft and diverting packages to its domestic ground network. We examine the state of port traffic, noting that Container imports

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2:09

Morning Minute | November 12, 2025

FreightWaves NOW ·

2025/11/12

While the Port of Long Beach saw container volumes drop significantly—imports declined 17.6% and total TEUs fell 14.9% in October 2025 compared to the previous year's record-setting month—the hub remains ahead of its 2024 all-time annual cargo record pace through the first 10 months of 2025. Port officials are anticipating that American consumers will likely see price escalation on goods in the coming months as shippers are expected to pass along the costs of ongoing tariffs and trade policies. In

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6:45

The Daily | November 11, 2025

FreightWaves NOW ·

2025/11/11

Carrier sentiment is suppressed by a weak rate environment as the market waits for necessary fleet rationalization, highlighted by historic levels of Class 8 oversupply exceeding 90,000 units. The physical evidence of financial distress is staggering, demonstrated by the collapse in trailer prices—with 3-year-old 53-foot dry vans now trading for under $20,000—and the high volume of repossessions dominating used equipment sales, where 158 out of 162 units sold by Ritchie Bros. in Q3 2025 were

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2:08

Morning Minute | November 11, 2025

FreightWaves NOW ·

2025/11/11

The growing list of bankruptcies in trucking has caught up a significant new participant from the freight tech part of the business, as VC-backed Zuum files for chapter 11 protection with assets and liabilities listed in the range of $10 million to $50 million. The US Trade Representative officially announced the one-year suspension of port fees on Chinese ships docking at American ports. This suspension, effective until November 10, 2025, is part of a wide-ranging trade agreement where China

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5:24

The Daily | November 10, 2025

FreightWaves NOW ·

2025/11/10

Aifleet is cutting its fleet size from approximately 180 trucks down to about half and letting go of nearly 100 personnel, triggered by the abrupt termination of a contract with a key supplier. The air cargo market is facing its own shock following a tragic crash, resulting in the temporary grounding of MD-11 freighters by both UPS (27 planes) and FedEx (28 planes) as a precautionary measure, following Boeing's recommendation. Since the MD-11 makes up about 9% of both companies' main fleets, this

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2:11

Morning Minute | November 10, 2025

FreightWaves NOW ·

2025/11/10

Aifleet is undergoing drastic cutbacks, reducing its fleet from about 180 trucks to a much smaller, undisclosed number, following the abrupt termination of a contract with a key supplier. CEO Marc El Khoury described these fleet reductions as "drastic," but necessary to allow the company a chance to survive in the freight recession, enabling them to pivot almost entirely away from the spot market and focus on a contracted freight model. In air cargo news, UPS and FedEx halt MD-11 flying to conduct

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6:08

The Daily | November 7, 2025

FreightWaves NOW ·

2025/11/07

The FAA has mandated flight reductions—ramping up toward a 10% cut at 40 of the busiest domestic hubs due to air traffic controller shortages—which severely restricts domestic "belly cargo" capacity for high-value shipments but largely spares all-cargo carriers like FedEx and UPS.The ground market is defined by a financial squeeze hitting 3PLs like RXO, who are struggling as locked-in, lower contractual sales rates are undercut by suddenly spiking buy rates for trucks, evidenced by the National

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2:21

Morning Minute | November 7, 2025

FreightWaves NOW ·

2025/11/07

A federal appeals court has reinstated Yellow Corp.'s $137 million lawsuit against the International Brotherhood of Teamsters, overturning a previous dismissal by a lower court. The former LTL carrier can now amend its complaint against the union, which it claims deliberately blocked the "Yellow One" restructuring plan necessary for the company’s survival. The latest U.S. Bank Freight Payment Index shows a strong reversal in the freight market, with national shipment volumes falling 2.9% while

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6:55

The Daily | November 6, 2025

FreightWaves NOW ·

2025/11/06

We begin with the tragic UPS cargo jet crash near Worldport in Louisville, UPS's critical global hub, which resulted in at least nine confirmed fatalities and exposed the fragility of single-point logistics assets. This immediate physical disruption led UPS to cancel initial express and deferred operations and suspend the money-back guarantee for all US packages, even as the NTSB worked quickly to recover the flight recorders. Following the accident, night sort operations at Worldport partially

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2:14

Morning Minute | November 6, 2025

FreightWaves NOW ·

2025/11/06

The episode opens with the volatile reaction on Wall Street to 3PL RXO's third-quarter earnings, which saw the stock plummet over 14.8% in pre-market trading after the 6:30 a.m. The logistics provider reported performance that was largely stagnant year-over-year, including a decline in adjusted net income to $2 million and a GAAP net loss of 8 cents per share, prompting the CEO to emphasize strategic scale and cost initiatives for future profitability. We also cover the ongoing disruption at UPS

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6:12

The Daily | November 5, 2025

FreightWaves NOW ·

2025/11/05

The October Logistics Managers' Index data, detailed in the article October LMI shows price increases outpacing capacity growth, shows transportation utilization (57.3) and pricing (61.7) surged, reversing the prior negative freight inversion. This tight market prediction is worsened by the immediate air cargo capacity shock stemming from the UPS MD-11 crash on November 5th, a tragedy covered in LATEST: Death toll in UPS cargo jet crash rises to 7. This incident led to seven confirmed fatalities

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2:30

Morning Minute | November 5, 2025

FreightWaves NOW ·

2025/11/05

Details emerge on the devastating UPS MD-11 freighter crash that occurred during takeoff from Louisville, Kentucky, while the widebody cargo jet was bound for Honolulu. The death toll has tragically risen to seven individuals, with 11 injuries reported, leading to the indefinite closure of the Louisville Muhammad Ali International Airport and the halt of package sorting operations at Worldport. The Panama Canal Authority is moving full steam ahead with an $8.5 billion, 10-year modernization plan

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7:20

The Daily | November 4, 2025

FreightWaves NOW ·

2025/11/04

For-hire trucking capacity is contracting significantly due to a 32% reduction in tractor builds (taking equipment below replacement levels) and stricter FMCSA English Language Proficiency enforcement, which could affect up to 10% of the driver pool. Despite shrinking capacity, freight rates are only seeing marginal spot market improvements of 1-2%, failing to keep pace with 3% inflation, due to volume volatility and broader macroeconomic risks. Regulatory friction is also widespread, as a federal

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2:27

Morning Minute | November 4, 2025

FreightWaves NOW ·

2025/11/04

A federal judge issued a preliminary injunction stopping the California Air Resources Board from enforcing the Clean Truck Partnership against truck manufacturers. This block occurred because a state court lawsuit filed by CARB seeking OEM compliance was viewed by the federal court as an attempt to enforce potentially preempted zero emissions standards, particularly since Congress withdrew the EPA waivers that allowed the Advanced Clean Truck rule to go into effect. UPS has completed the

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5:48

The Daily | November 3, 2025

FreightWaves NOW ·

2025/11/03

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1:55

Morning Minute | November 3, 2025

FreightWaves NOW ·

2025/11/03

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4:35

The Daily | October 31, 2025

FreightWaves NOW ·

2025/10/31

The Department of Transportation is escalating its battle against "CDL mills" accused of certifying unqualified drivers, promising to eliminate unsafe operators and investigate fleets that hire them. This heightened regulatory enforcement is already leading to a significant capacity shakeout in the truckload market, which could potentially overshadow Schneider’s tough Q3 earnings report.DOT Secretary Sean Duffy is expanding driver enforcement to shippers who load up rigs, warning that companies

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2:11

Morning Minute | October 31, 2025

FreightWaves NOW ·

2025/10/31

Transportation Secretary Shawn Duffy announced a major new initiative this week, ramping up efforts to crack down on fraudulent CDL mills and unsafe drivers after increased roadside inspections led to over 7,000 service violations. The Department of Transportation is now focusing on the integrity of the certification process and plans to investigate both driver training programs and trucking companies that hire drivers with questionable credentials, holding them accountable for safety

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5:39

The Daily | October 30, 2025

FreightWaves NOW ·

2025/10/30

The Great Freight Recession continues its relentless purge in the carrier sector, claiming Illinois-based VIB Trans, a 29-truck carrier, as the latest casualty to file for Chapter 11 amid deeply depressed spot rates and relentlessly high operating costs. This pain is accelerating due to an 18% drop in freight volumes coupled with immense overcapacity, driven by 310,000 new trucks and 200,000 new CDLs added to the system since 2019. Strategic experts are anticipating the Largest capacity purge in

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